Home and second home property insurance written in English is a
must for those with language difficulties
Overseas and domestic holiday home ownership
still very high and numerous owners have problems with foreign languages,
so it is vitally important that their insurance policy is written
When a property owner has found that dream property it's absolutely
crucial that they get it fully insured. Without the right insurance
policy, they could have problems when they come to claim and find
out that they don't have the cover they thought they should have
had. If the owner is not fluent in the local language, arranging
cover or even making a claim through a local insurer can be problematic.
a property owner is not fluent in the local language, arranging
cover or even making a claim through a local insurer can be problematic,
therefore it makes sense to choose an insurance company with the
policies written in "plain English".
also applies to owners of main residences in popular locations like,
Spain, Portugal, France and Italy.
the majority of cases wherever people choose to buy a holiday home,
in the majority of cases they are not going to live there full time
and need to know that their investment is properly protected.
the right insurance is all about understanding
what assets are owned, what liabilities the owner is exposed to
and what external events can occur which will put the insured at
insurance policies can include variations and exclusions relating
to burglary, accidental damage or personal liability claims. Some
of these might not include water supply or gas supply pipes or electric
cables to the property becoming damaged. There might be restrictions
on letting out the property as a holiday rental or longer let. Other
policies might only give a maximum of 90 days un-occupancy at a
time and this is not very satisfactory particular if the owner lives
in it for six months of the year and moves to a warmer climate for
the other six months.
is imperative that anyone taking out insurance on their property
checks all the details ("small print")
thoroughly and if they need to keep the electricity on to keep the
heating, internet or burglar alarm working they must make sure that
they let the insurance company know this from the start. This type
of action will avoid problems when a claim occurs particularly if
there was a fire caused by an electrical fault and under the terms
of the policy, the electricity was meant to be switched off!
jml property-insurance. has been promoting insurance
companies selling policies written in English for a number of years
now. They not only have companies advertising on the jml Insurance
websites that cover the UK only, like Letsure,
Rentguard, Devon Direct and Allsytles, but companies that
cover the majority of European countries like Staysure for the over
50's, Andrew Copeland Insurance
and Intasure. Intasure ("insurance
that speaks your language") will also cover main residences, so
if the owner lives in France or Germany for example and just have
their main residence there they can cover it. They can also cover
main residence back in the UK as well.
insurance companies are not just targeting their products to the
UK market. If the owner is Irish, Italian or German and living in
their native country with a holiday home in Portugal for example
they should be able to get cover.
spokesperson for jml Property Insurance said "Home owners are reminded
that when they arrange their insurance cover, that they must make
sure the buildings costs are for the correct cost of rebuilding.
Unfortunately many individuals think that they should get building
insurance at market value. This is not the case. It is all to do
with re-building the property on the land that is already owned
by them. If a property was worth €190,000 last year and maybe the
market price has gone up to €210,000 this year, this has nothing
to do with re-building costs.
client already owns the "land" the property is situated on and so
assuming the property was destroyed by fire the insurance has to
cover the removal or repair of the building shell and the erecting
or repair for the replacement. The sum insured should be sufficient
to rebuild all buildings as well as all outdoor structures such
as swimming pools, terracing or perimeter walls."
details of companies advertising insurance for holiday homes and
main residences can be found at http://www.jml-insurance.co.uk
It could be the best move someone makes this
part of jml Property Services, the trading name of Jeffrey
Milner Ltd. The company is an UK based
company that was established in 1979. jml insurance acts as a promoter
for insurance companies selling property insurance including landlord
and tenant rental products, pet insurance, wedding insurance, motor
insurance, car hire excess insurance )via insurance4carrental.com
) travel insurance and non standard insurance
products. They also operate jmlvillas.com
an online low cost villa advertising service marketing service for
owners of holiday home property to advertise and are part of the
Group that includes jml
Training and Consultancy.
Property Services January 2013
out more about Overseas Property insurance and UK Holiday Home insurance
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